5700 Highway 520 - GHAM 5.5 Acres of Residential Land Offered at $1,275,000 in Cocoa, FL 32926

The subject site currently consists of 5.00-acre parcel, which is planned to be developed with 40 townhome lots (8.00 DU/AC), which will be approximately 25 to 30 front feet in size. The site has been cleared, filled, and compacted; The proposed townhomes will reportedly average 2,500 SF, with end-unit base pricing averaging $500,000; the development will provide amenities including a pool, cabana/clubhouse and park. ? Access to the subject is via Highway 520, which is a four-lane median-divided primary roadway, which extends east-to-west, providing access to Interstate 95, roughly 1.5 miles east of the subject. ? Highway 520 also provides access to US Highway 1, roughly 5.25 miles east of the subject, and the Atlantic Ocean, roughly 13 miles east of the subject. ? US Highway 1 is a major commercial roadway, which extends north-to-south, traversing Florida’s east coast. ? The subject is also situated within five miles of other major roadways, including State Road 524, State Road 528, Clearlake Road (State Road 501), and Fiske Boulevard (State Road 519). ? Considering the subject’s proximity to Interstate 95, access to the subject’s neighborhood is considered good; access to the subject site itself is considered average